The manager of a local retail store is ordering a specialty item from a supplier in Toronto. The lead time is cons Time left 1:43:20 days. The store is open 300 days a year (50 weeks Monday-Saturday, with a two-week vacation). The average daily cornand is 40 units, with a standard deviation of 7.6. (Assume that the distribution is approximately normal.) 1t costs $40 to place an order, and the annual holding cost is 30% of the inventory value. The supplier charges $8.00 per unit. Assume that the order quantity is 700 per order. What is the ordering cost? a. 685 b. 28000 c. 740 d. 215 The manager of a local retail store is ordering a speciaity item from a supplier in Toronto. The lead time is constant at five days. The store is open 300 days a year ( 50 weeks Monday-Saturday, with a two-week vacation) The average daily demand is 40 units, with a standard deviation of 7.6. (Assume that the distribution is approximately normal.) It costs $40 to place an order, and the annual holding cost is 30% of the inventory value. The supplier charges $8.00 per unit: Assume that the order quantity is 700 per order. What is the annual holding cost? a. 840 b. 2800 c. 28800 d. 1680